The Labor Market and Corporate Structure

Daron Acemoglu and Andrew Newman

Working papers from Massachusetts Institute of Technology (MIT), Department of Economics

Abstract: We analyze the impact of labor demand and labor market regulations on the corporate structure of firms. We find that higher wages are associated with lower monitoring, irrespective of whether these high wages are caused by labor market regulatio ns, unions or higher labor demand. These comparative static results are in line with the broad trends in the data.

Keywords: EFFICIENCY; WAGES; MORAL HAZARD; CORPORATIONS; REGULATIONS (search for similar items in EconPapers)
JEL-codes: J41 L23 (search for similar items in EconPapers)
Pages: 38 pages
Date: 1997
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Citations: View citations in EconPapers (8)

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Journal Article: The labor market and corporate structure (2002)
Working Paper: The Labour Market and Corporate Structure (1997)
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